Today’s Crypto News on Asia — June 6th

If you are based in the United States or happen to be here in a few weeks, we are looking to do a Global Coin Research Meetup in New York City and San Francisco in June and July. Join us on Telegram to get details. You can also ask us questions about Asia cryptocurrency there!

Top News

After approving 16 exchanges, the Japanese regulators is reportedly set to reject a crypto exchange application for the first time. http://bit.ly/2JmbHg7

The People’s Bank of China has revealed a blockchain-powered system to digitize paper checks. http://bit.ly/2JkBRzC

**Chinese Media** Kuaidi (that later merged with Didi, the “Uber” of China) founder Weixin Chen claims in his WeChat group that EOS is a scam. He points to that all the BM (Bytemaster) documents show that the ICO money raised belongs to their private ownership, and that BM is not responsible for any of EOS’s activities, including interrupted development, failure to launch, etc. Google translated article here: http://bit.ly/2xNWF13

Exchange Huobi plans to build its first public and decentralized blockchain and fund it with 30 million Huobi Tokens worth about US$174 million. http://bit.ly/2xNrPG5

Coin and Exchange News

Huobi Pro is launching HT trading zone and the first 7 first trading pairs are EOS/HT, BCH/HT, XRP/HT, LTC/HT, IOST/HT, ETC/HT, DASH/HT. Zero trading fees for the trading zone from June 6 to July 6. http://bit.ly/2JjbBpb

Binance has made an undisclosed investment into blockchain-based esports voting platform chiliZ.http://bit.ly/2JkUYJV

Business News

Roger Ver- “I didn’t post it or talk about it publically yet but we just had a meeting over this week; Bitcoin Cash is coming to tens of thousands of convenient stores in Japan and you’ll be able to buy anything in the entire convenient store with Bitcoin Cash which means including like paying your electric bill.” http://bit.ly/2Jmf5aw

Japanese IT giant Fujitsu has launched a blockchain-based data storage system for retail merchants to tokenize traditional promotional tools such as coupons and reward points.http://bit.ly/2xNwfg9

A Japanese syndicate that had gathered participants for Shopin’s Token Generation Event using a hot MyEtherWallet storage wallet was hacked, resulting in a loss of more than $10 million USD. https://prn.to/2xMmEpX